Hyderabad, Feb 11 (.) UBS, a leading global wealth manager and the leading universal bank in Switzerland, on Wednesday announced the opening of a new office at Centaurus by Phoenix in Gachibowli in the city, further expanding its footprint in the city and strengthening its long-term presence in India.
Participating in the inauguration, Telangana Minister for IT and Industries d Sridhar Babu said “UBS has emerged as a strong partner in Telangana’s growth story, bringing global scale and deep capabilities to the state’s GCC ecosystem. We view this expansion as a long-term partnership in growth that strengthens Hyderabad’s role in global innovation while contributing to the broader India–Switzerland & EU economic relationship.”
The new office marks the next phase of UBS’s growth in Hyderabad.
Since establishing operations in the city in 2020, UBS has steadily scaled its teams and capabilities.
With this expansion, UBS expects to hire another 2000 to 3000 professionals in the coming months, doubling its workforce in the city, the company said in a release here.
UBS already has offices in Pune (Kharadi), Navi Mumbai (Airoli) and Hyderabad (Gachibowli).
“Hyderabad continues to be an important growth location for UBS, thanks to its strong talent pool, supportive policies, and excellent infrastructure. We’re looking forward to further expanding our tech capabilities, including AI, while enhancing our operations footprint in the location,” said Matthias Schacke, Head India Service Company and Group Operation & Technology Office India.
Sanjay Kumar, Special Chief Secretary, Department of Information Technology, Electronics & Communications (ITE&C), said: “This new office will catalyse high-end skill creation, strengthen cross-border collaboration, and further integrate Hyderabad into the world’s most sophisticated financial and technology value chains.”
“The Trade and Economic Partnership Agreement (TEPA) will further strengthen the already robust economic ties between Switzerland and India. It will create new opportunities for businesses and individuals in both countries through investment, manufacturing and trade, as well as by generating more jobs. UBS’s growing presence in India aligns with this vision, reinforcing India‘s role as a strategic hub for supporting global innovation and service delivery on a large scale,” said Dr. Angela Honegger, CEO & Consul General at Swissnex in India, Consulate General of Switzerland.
For more than a decade, UBS’s teams in India have been contributing to the firm’s global platform with depth and scale across technology, finance and operations.
This expansion in Hyderabad strengthens that journey, including in new and emerging areas such as artificial intelligence by creating more space for collaboration, diverse expertise, and opportunities that will help shape the future of UBS’s business.
. KNR ARN